(Reuters) – British lenders accepted fewer mortgages than anticipated in November and client lending grew on the slowest tempo since mid-2022, in line with Financial institution of England knowledge which is according to different indications of a slowdown within the economic system.
Mortgage approvals fell to 65,720 mortgages in November from 68,129 in October, the bottom determine since August.
A Reuters ballot of economists confirmed round 68,500 approvals.
The info additionally confirmed a smaller-than-expected internet enhance in client loans, which fell to 878 million kilos ($1.09 billion) in November from 995 million kilos in October, the bottom enhance since June.
The annual progress charge of client credit score slowed in November, from 7.3% to six.6%, the slowest tempo since June 2022, in line with BoE knowledge.
($1 = 0.8064 kilos)
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